Secdo Gains Momentum in 2017 with Nearly 4X Growth as Enterprises Shift to Automated Endpoint Security and Incident Response -- Cybersecurity Pioneer Achieves Key Year-End Milestones by Helping IT Security Teams to Reduce Dwell and Response Times to Seconds
NEW YORK, NY, December 19, 2017 -- Secdo, a pioneer in automated Endpoint Security and Incident Response technology, today announced strong growth in 2017 as customer adoption of its flagship software increased among enterprise customers globally. Year-over-year (2016-2017) revenue grew nearly 400% percent and is on track to continue its upward trajectory in 2018 as organizations focus on achieving a proactive defense by force-multiplying current security teams ten-fold.
According to Gartner, "By 2020, 60% of enterprise information security budgets will be allocated for rapid detection and response approaches, which is an increase from less than 30% in 2016."
2017 marks many notable achievements for Secdo as the company saw expansion of its automated endpoint security and incident response capabilities with version 5.0. The launch of the enhanced platform introduced Behavioral Based Indicators of Compromise or BIOCs. This automates the detection of unknown threats based on attack methodologies rather than forensic artifacts, while uniquely creating a platform for external threat hunting, insider threat hunting, investigation, and machine learning. Also introduced in version 5.0 is the new Secdo Response Center, delivering over one hundred forensics, containment, and remediation features, to set a new industry standard for scaled surgical response against advanced threats.
In addition to the innovations in 5.0, the software was established as the only endpoint detection and response solution in the world to automatically ingest and correlate alerts from SIEM or any other 3rd party security alerting tools. This unique feature allows for automatic correlation and forensic investigation of separate security events, providing a complete picture of an attack chain in real time. With the enhancements, Secdo solves the specialist skills shortage by allowing security teams to easily validate and respond to security alerts in seconds without manual investigation.
Advancing the company's presence in the market, Secdo expanded its sales channel over the last twelve months with a ten-fold increase in new VARs and a twenty-fold increase in the number of MSSPs. Two major partners signed in 2017 include Marubeni IT Solutions and ePlus. Marubeni IT Solutions is focused on the planning and design of information and communication systems and software development. The Japanese IT solution leader partnered with Secdo to defend the borderless enterprise, helping organizations to better understand what is happening across corporate endpoints and quickly responding when incidents occur. Equally important, the company's new partnership with ePlus expands Secdo's access to enterprise and government accounts worldwide.
Additional 2017 Highlights Include:
• Recognition as the number one IR tool on G2Crowd, the premier enterprise software review platform;
• Winner of the Cybersecurity Excellence Awards for 2017, and
• Identification of memory-only ransomware attacks using NSA's ETERNALBLUE and new Russian exfiltration IP 188.8.131.52 by Secdo enterprise customers, as revealed by NY Times. The discovery and remedy demonstrated Secdo's ability to support customers in perfecting the human approach and serving as a force multiplier for threat hunting and response.
"We are pleased with Secdo's success in the market, which has been driven by our ability to force multiply our customers' security teams, reducing the mean-time-to-detect and respond to seconds, and preventing an unknown threat from becoming a data breach," said Shai Morag, CEO & Co-Founder, Secdo. "We celebrate our partners and clients who have helped to make this an excellent year and look forward to the challenges ahead."
Secdo converges automation, endpoint security and incident response to deliver the first end-to-end platform for advanced threat management, hunting, investigation, response, remediation, and defense -- reducing operational costs and response times, while increasing productivity and scaling resources. Customers who use Secdo range from mid-sized and Global 2000 enterprises, and government agencies, to managed security service providers (MSSPs) and technology partners. From entry-level all the way to seasoned experts, security teams of all skill levels can benefit from Secdo's platform to save on time, costs, and resources. Secdo is headquartered in New York, NY, with teams around the world. For more information, visit www.secdo.com or follow Secdo on Twitter at @Secdocyber.